BTC/USD: The correction of 2018. Does the ETF wakes the bull?

8. Aug. 2018

Just some thoughts looking at the timeframe and the ascending wedge.

13. Aug. 2018

Trade ist aktiv

BTC is nicely following the pattern. I think shorting BTC from the $6700 range could give nice profits. Please keep in mind that it might be forming a H&S pattern, indicating a bearish movement towards the $5200 range with strong support around $5800.

If it bounces from the $5800 support it could go up and retest the resistance around $7300 again. If the ETF get's approved i think it will smash the 7k+ resistance and take us to 8,5k or 10k.